Strong margins continue to be a driving force behind U.S. ethanol production.
The U.S. Energy Information Administration says production averaged 1.009 million barrels a day, up 29,000 from the previous week’s unexpected drop and 154,000 above a year ago.
Iowa State University’s Center for Agricultural and Rural Development says operating margins for the average Iowa plant held near the 2023 highs thanks to lower than a year ago prices for corn and solid ethanol demand.
